Machine tool market makes global economy impressive

Recently, Schaefer, general manager of the German Machine Tool Manufacturers Association, said in Shanghai that at present, China’s machine tool export ranks eighth in the world, European market accounts for 24% of China’s total machine tool exports, market size is approximately US$600 million, and Europe is China. Important market for machine tool exports. It is expected that in 2013 China's machine tool consumption will increase by 12% to 38 billion US dollars.

Relevant data show that the scale of the international machine tool market has more than doubled in 20 years, reaching about US$86 billion in 2011. Since the turn of the century, the annual consumption of machine tools has increased by an average of nearly 10% (in U.S. dollars). The main driving force for growth came from Asia. In 2011, three-fifths of international machine tool production flowed into the region.

It is expected that the investment in large-scale infrastructure in 2013 will boost China's economic growth, especially investment in high-speed railways, urban rail transit, airports and grid expansion. The process of modernizing China’s industrial infrastructure has accelerated, and the demand for efficient modern manufacturing technologies has increased.

China's “Twelfth Five-Year Plan” focuses on sustainable development, efficient production structure and processes, and modernization, while machine tools play a crucial role in all three aspects. It is expected that Chinese users’ investment in machine tools will be in 2013. With an increase of 16%, the increase in 2014 will be even higher. Schaefer said: "China's machine tool procurement will therefore continue to rise, is expected to rise nearly 12% in 2013, reaching 38.1 billion US dollars, almost every user industry is driving the market."